Following the disappointing economic news today, gold moved lower to trade just below $1,200 per ounce. And while investors were moving into the yellow metal seeking safety, the spot price of gold could not avoid the strengthening US dollar.
Wednesday, August 11, 2010
Will Rhind : Outlook for Gold Prices
Outlook for Gold Prices
NEW YORK (TheStreet) -- Will Rhind, head of U.S. operations for ETF Securities, says the rest of summer will be slow for gold but the Fed's monetary easing and other macro factors will support higher gold prices over the long term.
Wed 08/11/10 12:19 PM EST -- Alix Steel
Stocks in this video: SGOL | PALL | GLD | SIVR | IAU | SLV | PPLT
NEW YORK (TheStreet) -- Will Rhind, head of U.S. operations for ETF Securities, says the rest of summer will be slow for gold but the Fed's monetary easing and other macro factors will support higher gold prices over the long term.
Wed 08/11/10 12:19 PM EST -- Alix Steel
Stocks in this video: SGOL | PALL | GLD | SIVR | IAU | SLV | PPLT
Stocks Fall Sharply As Investors Gloom Grows
The Dow Jones industrial average has had its biggest loss in six weeks and all the major indexes are down more than 2 percent. (August 11)
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